PayPal today announced that their PayPal Check Capture service, via the iOS app, has deposited over $100,000 worth of checks in the app’s first 36 hours. PayPal’s Check Capture service came to the iPhone via a PayPal app update the other day. This service allows you to take a picture of the front and back of a check you want to deposit into your PayPal account and it will deposit it for you.
This new service for iPhone and iPod touch users is free, but PayPal takes a whole six days to process these mobile deposits.
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